A $1.5 billion loan on a newly opened office building on Manhattan’s Far West Side faces high levels of risk from “heat and water stress.” A $900 million mortgage on a portfolio of Los Angeles production studio and office buildings in Hollywood is subject to “red flag” levels of similar water stress. A $410 million debt package on a life science facility in the Boston area faces red flag risk from rising sea-levels and flood
source https://therealdeal.com/2020/11/06/fire-and-rain-and-real-estate-investors-take-closer-look-at-climate-risk/
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